Schlumberger posts £9.3billion loss as it takes heavy impairment charges
Heavy impairment charges led Schlumberger to a loss of £9.3billion before tax in its third quarter results.
Schlumberger
Schlumberger, Chevron and Microsoft launch AI platform for oil field
Schlumberger, Chevron and Microsoft have launched a cloud-based artificial intelligence platform to improve a digital services in the oil field.
Easy to be left punch drunk and bored by negativity
For almost 30 years I have been relentlessly battered with the oil & gas industry’s supposed track record in innovation.
Exploration wells and FIDs beckon for UKCS
The UK upstream oil and gas sector will be a hive of activity over the coming years, two global energy consultancies have said.
Corallian starts survey on Curlew-A offshore UK
The rig site survey has begun on Corallian Energy's Curlew-A field in the central North Sea.
Schlumberger beats expectations on revenue during second quarter
Global oil field service giant Schlumberger reported nearly $8.3 billion of revenue during the second quarter beating Wall Street expectations.
Schlumberger appoints former North Sea boss as new chief executive
Oilfield services giant Schlumberger has appointed a former North Sea boss as its new chief executive.
Drillers fighting for survival in world of cheap oil
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
Oilfield service firms starting to lift prices, Rystad says
After several years in the doldrums, oilfield service companies are beginning to raise prices for their products and services, according to Rystad Energy.
Oil industry and climate leaders to share stage at Offshore Europe opener
Energy industry heavyweights and a climate change leader will share the stage during the plenary session of SPE Offshore Europe 2019.
NRG Well Management aiming for step change in upstream business
Energy services firm NRG Well Management, of Aberdeen, said it was making a “step change in approach” to its offshore business as it unveiled a new director.
Schlumberger exits tubulars business after selling three subsidiaries for $400m
Oilfield service giant Schlumberger is exiting the tubulars business after agreeing to sell three specialized subsidiaries to a Houston company in a $400 million deal.
Saudi Taqa sees $1.2 billion in America, Middle East oil deals
A Saudi oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying Texas-based Schlumberger Ltd.’s Middle Eastern drilling-rig business.
Schlumberger predicts steady improvement for oil market in 2019
The boss at energy services giant Schlumberger has predicted "steady improvement" in the oil market this year.
Schlumberger set to make changes at the top
Schlumberger’s board is leaning toward picking chief operating officer Olivier Le Peuch to become its next chief executive officer, according to a person familiar with the matter.
Health and safety leader appointed at EnerMech
Aberdeen firm EnerMech has appointed Emmanuelle Marshall as Group HSE Director.
Offshore drilling makes comeback after years in shale’s shadow
Offshore is ready for the limelight again.
Millennials now make up majority of Schlumberger’s workforce
With Millennials now making up the majority of employees at Schlumberger, the company's CEO said the oilfield service giant is taking a new approach to management.
Schlumberger expects North American oilfield investments to be down
Investments in North American oilfields are expected to be down this year while international markets are expected to grow, Schlumberger CEO Paal Kibsgaard said.
Schlumberger, Rockwell create new JV for the digital, automated oilfield
The energy services company Schlumberger is partnering with the Milwaukee firm Rockwell Automation to form a new company in Houston to sell equipment and services to advance digital technology and automation in the oilfield.
Schlumberger hires new chief operating officer
Schlumberger has appointed Olivier Le Peuch as chief operating officer of Schlumberger, effective immediately.
Shale slowdown dents Halliburton worse than Schlumberger
The world’s biggest oilfield service companies are feeling the U.S. fracking slowdown as shale producers slash spending forecasts. But Halliburton Co. may be bearing the brunt of the pain while arch-rival Schlumberger Ltd. benefits from its bigger internationally footprint.
Schlumberger celebrates return to profit and new North Sea deal
Global oilfield services giant Schlumberger has celebrated a return to profit in a year which brought further UK North Sea work.
Norway oil lobby predicts 16% investment jump in 2019
Norway’s oil lobby raised its forecast for investments in the country’s petroleum industry as cost cuts during a three-year downturn made projects more profitable and able to withstand even the recent slump in crude prices.
Subsea 7 wins BP Gulf of Mexico deal
Underwater engineering, construction and services firm Subsea 7 has announced the award of a "sizable" Gulf of Mexico contract from BP.